3,700 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by Versor Investments LP

Versor Investments LP acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,700 shares of the technology company’s stock, valued at approximately $624,000.

Several other institutional investors and hedge funds have also modified their holdings of GWRE. Mirae Asset Global Investments Co. Ltd. increased its holdings in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares in the last quarter. Stephens Inc. AR increased its holdings in Guidewire Software by 244.1% in the 3rd quarter. Stephens Inc. AR now owns 8,365 shares of the technology company’s stock worth $1,530,000 after purchasing an additional 5,934 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in Guidewire Software by 0.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 235,075 shares of the technology company’s stock worth $43,005,000 after purchasing an additional 1,878 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in Guidewire Software in the 3rd quarter worth about $491,000. Finally, Forum Financial Management LP acquired a new position in Guidewire Software in the 3rd quarter worth about $202,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada upped their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Oppenheimer increased their price target on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.50.

Guidewire Software Stock Up 1.2 %

Shares of Guidewire Software stock opened at $201.16 on Friday. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock’s 50-day moving average is $192.56 and its 200 day moving average is $182.71. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 558.78, a PEG ratio of 37.21 and a beta of 1.25.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,956 shares of company stock worth $7,105,255 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.